Uganda

Btrust, cofounded by Jack Dorsey and Jay Z, acquires African Bitcoin talent development firm Qala

The acquisition will see Qala rebrand as Btrust Builders with a new focus on providing training in open-source Bitcoin software development.

Honeycoin taps MoneyGram to expand crypto-to-fiat capabilities

The partnership is aimed at facilitating cross-border transactions using both cryptocurrency and fiat currencies in multiple countries.

Uganda’s parliament is working on a bill to regulate virtual assets

The East African country is now looking to provide regulatory clarity for virtual assets and cryptocurrencies after initial hostilities.

Uganda becomes Kenya’s fastest-growing source of diaspora remittance

With the Kenyan shilling depreciating, Kenyans in Uganda are finding it more profitable to send money home.

Inflation in Africa: Latest data shows worsening figures across the board

Figures show 50% of countries with available data experienced an increase in consumer prices in March.

Inflation in Africa: Many countries continue to witness historically high consumer prices

While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.

60% of African countries recorded lower consumer prices in December

Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.